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GCC firms’ Q2 profits hit $11.6 billionGCC-listed companies announced aggregate profits of $11.6 billion for the second quarter of this year, falling marginally short of analysts' estimate of $12 billion, said a report. The shortfall was led mainly by Kuwaiti firms More… |
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Bahrain job market stable ‘despite challenges’Bahrain's job market remains stable despite the country's challenges, said a top government official, adding that the second quarter of the year reflected the importance of united efforts to back the economy. A total of 5,353 ci More… |
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Drake & Scull Q2 profits slump 42pcDubai-based Drake & Scull, a specialist in MEP operations, recorded a net profit of Dh32 million ($8.7 million) for the second quarter (Q2) of the year, marking a 42 per cent drop in net earnings compared to Q2 2011. It also reporte More… |
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Agility posts flat Q2 net profitsKuwait-based Agility, a leading global logistics provider, made a profit of KD7.82 million ($27.71 million) in the second quarter (Q2) of the year, against KD7.83 million in the same period of 2011. Revenue and EBITDA were KD348.8 milli More… |
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Shuaa Capital Q2 revenue falls 38pc to $6mDubai-based Shuaa Capital, a leading financial services company, posted revenues of Dh22.2 million ($6.04 million) for the second quarter of the year, as against Dh35.7 million for the same period in 2011. Second quarter revenues were u More… |
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Aldar Q2 net profit triples to $113.8mAbu Dhabi developer Aldar Properties reported a three-fold rise in its net profit of Dh417.9 million ($113.8 million) for the second quarter, compared with Dh127.3 million last year, a report said. Aldar, currently in merger talks with More… |
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Savola Group Q2 income jumps 48pc to hit $91mThe Savola Group has announced its net income at SR 341.3 million ($91.01 million), for the second quarter ended June 30, an increase of 48 per cent compared to the same period last year at SR230.7 million. Dr Abdulraouf M Mannaa, More… |
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Jazeera Airways Q2 profit hits record $9mThe second quarter (Q2) revenue rose to KD15.6 million, up 11.8 per cent from the corresponding period of 2011, while the operating profit reached KD4.2 million, up 49.2 per cent from Q2 of 2011. The results reflect the ongoing success More… |
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Gulf IPOs raise over $1 billion in Q2A total of four initial public offerings (IPOs) raised more than $1 billion on the GCC stock exchanges during the second quarter of this year compared to three IPOs which raised $340 million in the same period last year, a report said. New More… |
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RAK Petroleum posts Q2 net profit of $13mRAK Petroleum, a leading oil and gas company, has posted a net profit of Dh48.4 million ($13.17 million) for the quarter ended June 30 on turnover of Dh118.9 million. The profit figure comes after equity accounting for its share of the pro More… |
